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The Institute for Financial Management and Research plans new campus in Chennai

IFMR plans to set up a Rs. 40 crore new campus in Chennai by 2009. Its research centre will focus on providing infrastructure such as a trading floor, resembling the set-up of a bank.

Apnaloan.com Research Bureau

11 Sep 2007

The Institute for Financial Management and Research (IFMR) plans to set up a Rs. 40 crore new campus in Chennai by 2009.

Two locations have been considered for the new campus which will include a research centre. The centre will focus on providing infrastructure such as a trading floor (resembling the set-up of a bank) for students to get first-hand experience of trading in commodities, foreign exchange and bonds.

TIFMR also runs a business incubation centre that helps start-ups by sharing research findings with them.

The start-ups that TIFMR is working with currently are working in areas related to rural BPO, rural food, rural craft and rural tourism.

TIFMR's institute for Development Finance in collaboration with Massachusetts Institute of Technology- Department of Urban Planning has undertaken a project focusing on integrated development of Erode.

This will include plans to improve roadways, waterways, town planning and occupational aspects related to leather industry.

At the graduation ceremony, 45 students, the institute's sixth batch of full time postgraduate diploma in management (PGDM), were awarded their degrees in addition to 18 under a part-time PGDM programme. The average annual salary bagged by the full time PGDM students this year is about Rs 5.6 lakh. The salary offered ranged from Rs 4.9 lakh to Rs 7.5 lakh.

Tamil Nadu Urban Development Fund has shown interest in taking the project forward.

TIFMR has also obtained permission from the All India Council for Technical Education to start two new courses this year PGDM in Financial Engineering and in Development and Sustainable Finance.The locations have not been disclosed.